Ratios & Harmonics: a Different Way to Trade | Page 2321 | Forex Factory

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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #46,401
  • Jul 22, 2019 11:57am Jul 22, 2019 11:57am
Quoting Pair-me-up
{quote} Me too.
The buyers are the ones doing the work up here not good for the trade!! It's not over till its over but it's getting there.
If you fail to plan, you plan to fail.
  • #46,402
  • Jul 22, 2019 11:59am Jul 22, 2019 11:59am
I hope I don't lose this one if I do I will have to implement MM. We will see, and out.
If you fail to plan, you plan to fail.
  • #46,403
  • Jul 22, 2019 11:59am Jul 22, 2019 11:59am
Ok Traders, I will do the post session review and update everything later on when I get back.
If you fail to plan, you plan to fail.
  • #46,404
  • Jul 22, 2019 12:07pm Jul 22, 2019 12:07pm
-29 today. "It is what it is"
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  • #46,405
  • Jul 22, 2019 12:11pm Jul 22, 2019 12:11pm
-85 for the day.
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Time is an illusion, timing is an art.
  • #46,406
  • Jul 22, 2019 12:49pm Jul 22, 2019 12:49pm
Quoting Mr. Pip
{quote} Yes sure is.
hello Damian, should we ignore this in the ADVANCE PATTERNS RULES OF ENGAGEMENT pdf for the Gartley
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  • #46,407
  • Jul 22, 2019 12:55pm Jul 22, 2019 12:55pm
Only +43 for today. I did some analysis on CL and didn't take the long signal I got, and then crude shot up 40 ticks! Could have been a $600 day, but I still ended green, and I am happy about that!
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  • #46,408
  • Jul 22, 2019 12:58pm Jul 22, 2019 12:58pm
Quoting spetscom
Only +43 for today. I did some analysis on CL and didn't take the long signal I got, and then crude shot up 40 ticks! Could have been a $600 day, but I still ended green, and I am happy about that! {image}
yo I was looking at some of your past trades since Mr. Pip's live stream last week and you are killing it. I guess seeing him trade 2 contracts with that account size was a good visual cue for you to double down on the strategy huh? Good stuff @spetscom!
  • #46,409
  • Jul 22, 2019 1:02pm Jul 22, 2019 1:02pm
Quoting standrdtrde
{quote} yo I was looking at some of your past trades since Mr. Pip's live stream last week and you are killing it. I guess seeing him trade 2 contracts with that account size was a good visual cue for you to double down on the strategy huh? Good stuff @spetscom!
Thanks man I really appreciate it.
Yes, seeing Mr.Pip taking a 2 lot with the same size account as me lit a fire under me. I realized he was taking double the risk with complete confidence and even facing his losers, he was completely fine. What I find odd is that when I take the trades where the risk is 20+ pts of risk, those end up being the ones that immediately go in my favor. I have been taking all of the signals and it is still quite hard at times, especially this morning. I thought for sure I was going to be annihilated by the bulls, they were coming in with so much strength. But I took it anyways and it basically went straight down from my entry. Weird how things work.
  • #46,410
  • Jul 22, 2019 1:08pm Jul 22, 2019 1:08pm
Quoting spetscom
{quote} Thanks man I really appreciate it. Yes, seeing Mr.Pip taking a 2 lot with the same size account as me lit a fire under me. I realized he was taking double the risk with complete confidence and even facing his losers, he was completely fine. What I find odd is that when I take the trades where the risk is 20+ pts of risk, those end up being the ones that immediately go in my favor. I have been taking all of the signals and it is still quite hard at times, especially this morning. I thought for sure I was going to be annihilated by the bulls,...
Hell Yah, posts like this give me more confidence to just stick to my trade plan
  • #46,411
  • Jul 22, 2019 1:12pm Jul 22, 2019 1:12pm
Just one BE for me today...
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  • #46,412
  • Jul 22, 2019 1:41pm Jul 22, 2019 1:41pm
Quoting standrdtrde
{quote} Same Bear boat as you but on the Russell 2k. Will post the other two later on. {image}
1A. Trade 1 I took a short in the golden zone with a expectation of a NSL and the stop above structure.
1B. Was stopped out for -29 ticks.
2A. Trade 2 took a long in the AOI with expectation of NSH and stop below structure.
2B. Stopped out for -40 ticks
3A. Took Short in area of Interest.
3B.Currently in trade + 36 ticks. As per trade plan, will not hold past market close but working overtime until then.
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  • #46,413
  • Jul 22, 2019 1:45pm Jul 22, 2019 1:45pm
Quoting brrand
Took one more short - USDJPY. 1:1 RR expectation. {image}
Update:
Price Hit the TP. Out with 11 pips.

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  • #46,414
  • Jul 22, 2019 2:10pm Jul 22, 2019 2:10pm
Quoting standrdtrde
{quote} 1A. Trade 1 I took a short in the golden zone with a expectation of a NSL and the stop above structure. 1B. Was stopped out for -29 ticks. 2A. Trade 2 took a long in the AOI with expectation of NSH and stop below structure. 2B. Stopped out for -40 ticks 3A. Took Short in area of Interest. 3B.Currently in trade + 36 ticks. As per trade plan, will not hold past market close but working overtime until then. {image} {image} {image} {image} {image} {image}
Update: Price took me out at BE+11
-29+-40+11=-58

Followed trade plan so gotta stay ice cold and keep executing.
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  • #46,415
  • Jul 22, 2019 2:20pm Jul 22, 2019 2:20pm
Quoting brrand
{quote} Update: Price Hit the TP. Out with 11 pips. {image}
Entered Once more. lets see how it moves.
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  • #46,416
  • Jul 22, 2019 2:22pm Jul 22, 2019 2:22pm
Took a short after a perfect Three Drives pattern completion into a good structure area + confluence of 61.8%fib of larger swing. (What can go wrong with that setup, right? ).

I entered a little late because I came late to the screen and first had to do my measurements and analysis.
But the R:R was still there, and what gave me confidence was that the third leg up was much weaker with a lot of selling activity.
I thought the sellers were building their position and the push down would be strong.
But there was only 1 clean strong small leg down, then the bears started showing weakness already.

I protected my trade a few points earlier than the 38.2 of the pattern, because the bears were really struggling and I couldn't stand looking at it anymore.
So it ended as a BE+1

You see boys and girls, no matter how strong you think your case looks in the beginning, you can still get your butt kicked if you don't watch out
End of Story

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  • #46,417
  • Jul 22, 2019 3:01pm Jul 22, 2019 3:01pm
Hello Traders,

Today was a tough session and I experienced heavier than wanted losses. After the post session review, I saw the plan was followed and that I was aligned with my process. So there is nothing to do but next! I will drop down per MM to one 1 until I get back above the threshold. The post session review is also attached. Please like and subscribe if you have not already.

https://youtu.be/jyT-bDL4PM0
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If you fail to plan, you plan to fail.
  • #46,418
  • Jul 22, 2019 4:03pm Jul 22, 2019 4:03pm
Quoting Mr. Pip
BE {image}
I've been following your videos and posts here and very glad I was able to catch the same trades as you today (the first two trades of the day) on my papertrading practice. The only difference is by BE on second trade was placed slightly above the structure low so that I could lock in some profits. It is a bit tougher for me to give too much profit back in a break even trade under my trade management style so I had to factor that in.. Looking forward to watching the video tonight.
  • #46,419
  • Jul 22, 2019 4:10pm Jul 22, 2019 4:10pm
Quoting brrand
Took this short on NU. Lets see how it pans out. {image} I hope its OK to post FX trades.
Trailed the SL and finally taken out by the low liquidity spread.
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  • #46,420
  • Jul 22, 2019 8:30pm Jul 22, 2019 8:30pm
I noticed this possible bat pattern next to this bigger one. This might give us another opportunity to get short at a sweet price. I don't have much confidence in harmonics, so check with Mr. Pip or others that are better just to make sure it is valid.
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Luck has no place in trading. Leave that for the poker table.
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